Annual report [Section 13 and 15(d), not S-K Item 405]

SHARE-BASED COMPENSATION (Tables)

v3.26.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
SHARE-BASED COMPENSATION  
Summary of activity related to RSUs

Weighted

  ​ ​ ​

  ​ ​ ​

Average

Grant Date

Restricted

Fair Value

Stock Units

per Unit

Nonvested, beginning of period

3,507,048

$

2.93

Granted

 

4,400,655

1.48

Vested

 

(1,865,127)

3.15

Forfeited

 

(140,949)

2.25

Nonvested, end of period

 

5,901,627

$

1.80

Summary of the assumptions used to calculate the grant date fair value of the PSUs granted

Year Ended December 31, 

2024

2023

Expected term for performance period (in years)

2.4

2.6

Expected volatility

65.0

%

76.1

%

Risk-free interest rate

3.9

%

4.2

%

May 16,

December 31,

2025

2025

Expected term for performance period (in years)

2.6

2.0

Expected volatility

56.0

%

58.7

%

Risk-free interest rate

3.9

%

3.4

%

Summary of activity related to PSUs

Weighted

  ​ ​ ​

  ​ ​ ​

Average

Grant Date

Performance

Fair Value

Share Units

per Unit

Nonvested, beginning of period

2,463,397

$

3.48

Forfeited

 

(37,013)

4.83

Nonvested, end of period

 

2,426,384

$

3.46

Schedule of share based compensation expense

The following table presents the compensation expenses included in General and administrative expenses in the Consolidated Statements of Operations (in thousands):

Year Ended December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

  ​ ​ ​

2023

Accounted for as equity awards:

  ​

  ​

  ​

Restricted stock units

$

6,492

$

4,433

$

4,477

Performance share units

3,600

5,759

5,836

Accounted for as liability awards

2,134

Restricted shares

 

 

 

70

Total

$

12,226

$

10,192

$

10,383